Provisional industry funding levies have been released by ASIC for the 2024-25 financial year and show advisers will pay $500 less than last year.
While figures won’t be confirmed until December, AFS licensees are currently looking at a minimum levy of $1,500, plus an additional $2,314 for each of the country’s 15,233 advisers. The estimate is lower than in the 2023-24 year when it was $2,878 per adviser.
See: ASIC Releases CRIS Funding Levy Estimate.
Levies are based on ASIC’s estimated cost of regulating licensees that provide personal advice to retail clients, which is projected to be $39.27m for the 2024–25 financial year.
The figures appear in the organisation’s Cost Recovery Implementation Statement, which outlines how it will recover regulatory costs from industry under the industry funding model.
Total estimated recoverable costs are $349.3m, a 6% increase from the $328.1m recovered in 2023–24. This increase, states ASIC, reflects additional funding to support:
- Implementation of the scams prevention framework
- Mandatory climate-related financial disclosures
- Beneficial ownership transparency reforms
- Enhancements to ASIC’s data capability and cyber security
The cost recovery statement provides estimated regulatory costs and levies for each of ASIC’s 52 regulated subsectors to help entities plan and budget for levies and fees to be charged.
Final levies will be published in December 2025 and invoiced between January and March 2026.
